Patterns and drivers of household income dynamics in Russia : The role of access to credit
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Title:
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Patterns and drivers of household income dynamics in Russia : The role of access to credit |
ISBN:
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978-952-323-327-0 |
Author:
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Perugini, Cristiano
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Organization:
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Bank of Finland
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Department / Unit:
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Institute for Economies in Transition (BOFIT)
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Series:
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BOFIT Discussion Papers
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ISSN:
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1456-5889
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Series year:
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2020 |
Series number:
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11/2020 |
Year of publication:
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2020 |
Publication date:
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7.5.2020 |
Pages:
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41 |
Subject (yso):
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kotitaloudet (organisaatiot); tulot; tulonjako; luotot
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Keywords:
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Bofit-kokoelma; Venäjä
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JEL:
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D31; H81; J60; O15
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Other keywords:
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income mobility; credit access; Russia; RLMS
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Abstract:
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The microeconomic drivers of medium- and short-term income mobility in Russia over the period 1996–2016 are investigated using data from the Russian Longitudinal Monitoring Survey (RLMS). Focusing on the role of access to credit in triggering household income growth, the descriptive analysis suggests that high levels of mobility materialising in pro-poor patterns of growth may accompany Russia’s notoriously high levels of inequality. Controlling for other personal and household characteristics, the econometric model for drivers of income mobility indicates that access to credit boosts income mobility. Complementary empirical evidence suggests that this effect may unfold through channels related to the labour market and non-labour sources of income. |
Table of contents:
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Abstract .. 4
1 Introduction .. 5
2 Related literature and working hypotheses .. 6
3 Data, samples and variables .. 9
4 Descriptive measures of short- and medium-run income mobility, 1996–2016 .. 12
5 Methodology .. 16
6 Results .. 18
6.1 Drivers of income mobility in Russia and the role of credit access .. 18
6.2 Possible channels through which credit affects mobility .. 22
7 Conclusions .. 26
References .. 28
Appendix .. 32 |
Rights:
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https://helda.helsinki.fi/bof/copyright
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